earnings
confidence high
sentiment positive
materiality 0.85
AECOM Q3 adj EPS $0.94, revenue +13%; raises FY23 guidance, design backlog record
AECOM
2023-Q3 EPS reported
$0.21
revenue$10,536,076,000
- Q3 adj EPS $0.94 vs prior year up 11%; GAAP loss per share $(0.90) includes $241M impairment for AECOM Capital.
- Total design backlog up 10% to record; organic NSR growth in design business 10%.
- Raises FY23 adj EBITDA guidance to $950-970M and adj EPS to $3.63-$3.73, reflecting strong YTD performance.
- Operating cash flow $279M; returned $75M to shareholders in Q3 via buybacks and dividends.
- Segment adjusted operating margin on NSR expanded 60 bps to 15.2%; Americas 18.8%, International 9.9%.